February 17, 2023
Nigeria: Jigawa Declares 1000 and 500 Old Naira Notes Legal Tender, Threatens Anyone Rejecting Notes
People are advised to report any traders or business organisation that refuses to accept the now-old N200, N500 and N1000 notes as legal tender in Jigawa State to the nearest… Read more »
February 16, 2023
Nigeria: NNPC to Begin Oil Drilling in Nasarawa - Official
"We have seen a great potential for finding hydrocarbon in Nasarawa State and to confirm this, we are going to start drilling on March 21. Read more »
Nigeria: Central Bank Could Delay Repayment On $10.4 Billion Forex Loan - Moody's
The money the CBN owes the banks are funds in the form of derivative transactions comprising forward contracts and swaps. Read more »
Nigeria: Amid Naira Scarcity, CBN Launches Portal to Deposit Old Notes
Customers are required to provide their bank verification number, email address, phone number, bank account details, depositor information (including house address), and the total… Read more »
Nigeria: Naira Redesign - Nigerians Lament As Banks, Motorists, Others Reject Old Notes
Millions of Nigerians continue to grapple with hardship amid the cash crunch. Read more »
February 15, 2023
Nigeria: Naira Gains At Official Market As New Notes' Scarcity Bites Harder
Naira closed at N461.50 per $1 at the spot market on Wednesday, appreciating by 0.04 per cent. Read more »
February 16, 2023
Nigeria: In Direct Affront to Supreme Court, Buhari Insists Old N500, N1,000 Notes No Longer Valid
The Nigerian leader, in a national broadcast Thursday morning, admitted the 'difficulties' the new currency policy is causing Nigerians. Read more »
February 15, 2023
Nigeria: TotalEnergies Says It's Ended Routine Gas Flaring in Nigeria
"TotalEnergies is also playing active role in marketing and production as it has 550 filling stations in Nigeria," he said. Read more »
Nigeria: FEC Approves $53.1m for Electricity Conductors to Boost Power Supply
The conductors when installed would help address the challenge of constant tripping of circuit breakers due to the overloading of electricity lines. Read more »
Nigeria: Nigeria's Annual Inflation Hits 21.82% Amid Cash Crunch
Inflation rose to 21.82 per cent in January compared to 21.34 per cent in December, the statistics bureau said. Read more »
Nigeria: Hope Dashed As Supreme Court Adjourns Naira Redesign Suit
Many Nigerians believe a further adjournment of the case would deepen the hardships the naira redesign policy by the CBN is causing them. Read more »
Nigeria: Naira Redesign Litigation - Why the Supreme Court Has Original Jurisdiction
In December 2022, the Federal Government through Central Bank of Nigeria (CBN) introduced the demonetisation policy which has necessitated the redesigning of new naira notes to… Read more »
February 14, 2023
Africa: Africa Is World's Most Energy-Poor Continent - Report
The average electricity use of a sub-Saharan African resident is lower than that of a household fridge in the United States (US), the report said. Read more »
Nigeria: Naira Redesign - Despite Supreme Court Order, Emefiele Insists On Feb 10 Deadline
"There is, therefore, no need to consider any shift from the deadline of February 10," he said. Read more »
Nigeria: Labour Party Disowns Press Statement On Obi's Visit to Oba of Lagos
Akin Osuntokun said that he didn't authorise the statement. Read more »
February 13, 2023
Nigeria: 2023 - Atiku in Abia, Promises to Earmark U.S.$10 Billion for Businesses in South-East
Governor Okezie Ikpeazu of Abia State was absent at the rally. Read more »
Nigeria: The Urgent Necessity of Saving Nigeria From Its Central Banker
Mr Emefiele's grasp of basic economics is abysmal. Cash in circulation does not fuel inflation. Read more »
February 12, 2023
Nigeria: Tinubu Backs Cashless Policy, Suggests Ways for CBN to Ease Cash Crunch
Mr Tinubu also called for the immediate suspension of associated charges on online transactions and bank transfers and payments via point of sale until the current crisis is fully… Read more »
Nigeria: Naira Scarcity - Governors Accuse Central Bank of 'Currency Confiscation'
The governors also called "for the halting of CBN's plan to end the use of the old currency notes." Read more »
February 11, 2023
Nigeria: Jamaica Plans to Source Vehicles From Nigeria - High Commissioner
"It is a tremendous opportunity to witness vehicle manufacturing taking place here in Nigeria, which is one of our brothers in the south." Read more »
Nigeria: Naira Redesign - What Emefiele Told Council of State - CBN
"We wish to state categorically that at no time did the CBN Governor disclose this during his presentation to the National Council of State at its meeting on Friday," the bank… Read more »
February 10, 2023
Nigeria: Council of States Supports Naira Redesign Policy, Wants 'Aggressive' Circulation - Official
He said the council supported the policy but charged the central bank to do more to make the new naira notes available across the country. Read more »
Nigeria: Day of Decision - Nigerians to Know Fate As Currency Scarcity Bites Harder
The president acknowledged "hardship" in the country last week but urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country,… Read more »
February 09, 2023
Nigeria: Atiku in Kano, Promises to Revive Agriculture, Commerce
He said he will revive agriculture, and commercial activities, reopen the land borders and empower the youth Read more »
February 10, 2023
Nigeria: Despite Supreme Court Order, Naira Scarcity Persists As CBN Keeps Mum
The situation got worse for many Nigerians on Thursday as banks, ATMs were shut down in many parts of the country. Read more »